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Author: LS

New changes in Libyana and sources revealed: “In this way, Bin Ayed took control of the entire company”

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The new Libyana board of directors has taken several decisions to re-form the procurement committee and form the bidding committee.

Communications sources said that the new board of directors of Libyana, headed by Al-Burari Youssef Al-Burari, is changing the company’s committees with regard to local and foreign contracts, by changing the procurement and bidding committees in Libyana.

According to the sources, the procurement committees conduct a practice with the advanced companies to offer their services to the company for less than 2,000,000 dinars.

The Tender Committee conducts general and limited tenders with companies for more than 2,000,000 dinars.

The source said: “With this, Mohamed Bin Ayed took control of the entire staff of Libyana Mobile Phone, from which he was dismissed in 2018 after the company’s disciplinary board decision.
This happened after he appointed the new board, headed by Al-Burari, a partner of Bin Ayed, by changing all the company’s departments, who are recognized for their efficiency, within a week of receiving it.”

According to the source, one of the members of the procurement committee is not even able to write, and he is also a member of the liquidity committee that was canceled by the previous council and amended by the Libyana board of directors, who is Abdul Majid Al-Bakoush.

Also, Hazem Al-Ufi, the deputy director of the Security Department, is not qualified to work in the committee, adding that all thefts will be carried out in an organized way after controlling these committees. It is worth noting that the company’s administrative and financial regulations have been suspended.

Adapted from Sada Website

The Ministry of Planning holds a meeting with the European Union delegation to follow up on joint projects in Libya

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Today, Monday, June 13, 2022, the Director of the Technical Cooperation Office at the Ministry of Planning of the Government of National Unity met with the Director of Operations Department of the European Union Mission in Libya, Sandra Goffin, and the Director of Programs at the European Union Mission, Lucia Santuccione, regarding the follow-up of joint projects supported by the European Union in Libya.

The meeting dealt with reviewing the rates of achievement and progress made by all projects supported by the European Union and supervised by the Ministry in the areas of sustainable development.

Expert Team Report: “Arms smuggling is still continued on the Libyan border”

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The report of the team of Experts of the Security Council revealed today, Monday, that arms smuggling continues on a small scale that is difficult to identify or control.

The report stated that it is rare to catch any smuggler at the border, noting that during the period from March 2021 to April 2022, four cases were seized, including 80 weapons, 37 pieces, 1 ammunition and small arms on the Algerian border.

The Security Council team of experts clarifies the developments in the unification process of the Central Bank of Libya

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The United Nations Security Council Panel of Experts on Libya said in its report for this year that the reunification process of the Central Bank of Libya is hampered by a number of issues, including the impact of the devaluation of the Libyan dinar and the failure to approve budgets by the House of Representatives, adding that the Board of Directors of the Central Bank of Libya has not begun work on these files despite the existence of preliminary discussions between the governor and his deputy, Al-Kabeer and Al-Hibri.

The group of experts revealed that the main issues hindering the reunification of the Central Bank of Libya include the need to assess the impact of the devaluation of the Libyan dinar, the repeated rejection of budget proposals by the House of Representatives, problems in the process of issuing letters of credit, the lack of use of international standards in financial reporting, and the need to stipulate Effective internal governance and controls, as well as issues related to who leads the two branches of the Central Bank.

The team quoted the Governor of the Central Bank of Benghazi, Ali Al-Hibri, who holds the position of Deputy Governor on the Board of Directors of the Central Bank, his confirmation of reaching a preliminary agreement with the Central Bank in Tripoli on short-term measures and addressing the issue of liquidity, bank balances and clearing in the eastern region, provided that the Board of Directors of the Central Bank would amend the membership of the management of the Libyan Foreign Bank and restructure the Central Bank. The report indicated that the board of directors of the Central Bank of Libya did not start working on these files, despite the existence of preliminary discussions between the governor and his deputy, Al-Kabeer and Al-Hibri. Deloitte International Company also held a workshop last February for the purpose of implementing the terms of reference related to the reunification of the Central Bank and its reform, including a three-month period to prepare for reunification (January, February and March), then implement the reunification during another three months (from February to June) and then enter the evaluation phase during the month of July to reach the reform goals by the end of the year.

The team of experts indicated that seven work streams support the process of unifying the Central Bank of Libya, including a vision and operation model, the public debt path, the currency and circulation path, the clearing path, the hard currency distribution path, the government budget and financing path, and the review of financial accounts during the years 2020 and 2021, adding that no progress had been made in arranging for the Board of Directors to start work, with some progress being made in the seven tracks.

Restarting Al-Istiklal field and shipping quantities of gas and naphtha after stopping for more than 11 days

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The Sirte Oil Company announced today, Sunday, the restart of Al-Istiklal field and the pumping of about 60 million cubic feet of non-associated gas through the coastal gas transmission system to power stations in the Eastern region.

The company explained that the field was restarted after the company was able to ship the naphtha product via the tanker (CLAXTON BAY) this morning, with an estimated quantity of approximately (253,000) barrels, which gave the company a storage capacity estimated at about half a tank.

The company will also be able to operate the gas operations comfortably if the remaining stock ready for shipment, which is about 367,000 barrels of the naphtha product, is shipped.

It is noteworthy that the company was forced on the 31st of last May to stop operating Al-Istiklal field after the storage capacity of the condensate associated with the production of natural gas decreased.

The Ministry of Oil: “Closing oil fields after the rise in prices is to miss profitable opportunities and to waste supporting the public treasury and the cash reserve in hard currency”

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The Ministry of Oil and Gas said today, Sunday, that it has been seeking, since the beginning of the crisis of closing some oil fields and ports and to stopping production and exporting oil to avoid the negative effects on the national economy and the infrastructure of the oil and gas sector in several explanatory statements on the ministry’s page after communicating with the wise, notables and other segments of society in the south, west and east of the country through a committee formed for this purpose.

The ministry also made it clear that these closures are not in the supreme national interest, but on the contrary, their negative effects directly harm this interest and what the Libyans aspire to in terms of benefit and improvement of living conditions, especially with the unprecedented rise in prices in the global oil markets, missing profit opportunities and wasting public treasury support and cash reserves in hard currency.

In its statement, the ministry called on all actors in the Libyan political scene and to not respond to any political party to plunge the oil sector into the heat of the political battle, give priority to the interests of the country and lift the suffering of citizens and keep the country away from bankruptcy and dependence on the World Bank, in appreciation and respect for the people of this country who have sacrificed for it throughout the ages.

Al-Huwaij discusses a number of issues with economic and trade observers concerning Libya

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The Minister of Economy and Trade in the Government of National Unity, Mohammed Al-Huwaij, discussed in a meeting yesterday, Saturday, with the economic and trade observers in the eastern, southern and western regions, a number of issues related to monitoring, in the presence of the Municipal Guard and the Bakers Syndicate.

During the meeting, the minister touched on the decisions of the Council of Ministers regarding the transfer of competencies to the Ministry of Local Government and the consequences thereof and the confusion that it may cause to the work of the monitoring and confusion in the procedures, stressing that the matter will be dealt with the Minister of Local Government and the need to continue monitoring within the Ministry of Economy and Trade until the procedures are settled from Administrative and legal aspects.

The attendees also reviewed the mechanism for following up on the implementation of Minister of Economy and Trade Decision No. 508 of 2022 regarding the prohibition of practicing all retail or wholesale commercial activities on non-Libyans with the relevant authorities. The minister also called on the female observers to prepare reports that include a study of the agricultural, industrial and service resources in their affiliated areas and to set an action plan for their development.

Al-Huwaij stressed the need to strengthen the role of consumer protection, combat commercial fraud, follow up on the local market and the flow of goods, determine the level of services, and limit investment opportunities in all sectors to achieve economic diversification, stressing the importance of starting to establish commercial markets in all regions of Libya, urging supervision and regulation of the competent authorities with the participation of chambers of commerce and the inventory and digitization of commercial activities.

The minister instructed the economic and trade observers to form a team to the west, east and south to activate the role of judicial control officers and conduct legal calibration for all commercial and service activities in coordination with the relevant authorities.

Dbeibeh promises to improve the electricity situation in Libya during the month of June

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The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, promised to improve the electricity situation in Libya during the month of June, after the opening of two power plants next week or the week after.

In his speech during a ceremony honoring honorary professors at Misrata University today, Saturday, Dbeibeh praised the efforts of the Board of Directors of the General Electricity Company and workers in the electricity sector, describing their efforts as “unprecedented” despite all the circumstances and obstacles that stand in the way of completing their work.

The Central Bank’s liquidity team reveals the arrival of 23 million in Kufra

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The liquidity team of the Central Bank of Libya revealed exclusively that at these moments, a shipment of liquidity to the city of Kufra, worth 23 million dinars, had arrived.

This is within the framework of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks and in all regions of Libya, as previously mentioned.

8 million were allocated to the Jumhouria Bank branch, 10 million to Wahda Bank branch, and 5 million dinars to the North Africa Bank. These shipments come within the framework of the Central Bank of Libya’s plan to provide liquidity in all bank branches before the blessed Eid al-Adha.

Al-Qatrani confirms the government’s interest in sustainable development projects and renewable energies

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On Thursday, June 9, the activities of the World Environment Day were launched in Benghazi, under the slogan “We only own one land” in the presence of the Deputy Prime Minister of the Libyan government mandated by Parliament, Ali Al-Qatrani, the Minister of Environment, the Minister of Investment, the President of the International University, and a number of researchers and specialists in the field of environment.

Al-Qatrani stressed, during the opening speech, the importance of preserving the environment, for the sake of our society, and the future of future generations, in order for it to be a healthy and clean society. He also stressed the importance of the citizen’s role in protecting the environment and spreading awareness.

Al-Qatrani also indicated that the government has developed plans in accordance with sustainable investment in human resources, to be interested in renewable energies, water treatment plants and lakes and green spaces, and to work to protect natural resources and rationalize consumption.